USA Retail Sales (MoM) For April 0.0% Vs 0.4% Est.; 0.6% Prior
Portfolio Pulse from Benzinga Newsdesk
USA Retail Sales for April remained flat at 0.0%, missing the estimated growth of 0.4% and falling from the previous month's 0.6% increase.
May 15, 2024 | 12:30 pm
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NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) may experience short-term volatility due to the disappointing retail sales data for April, which came in at 0.0%, missing the 0.4% estimate and down from 0.6% in March.
The flat retail sales data suggests weaker consumer spending, which could negatively impact overall market sentiment and lead to short-term volatility in SPY.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80